Pi Coin's struggle to be listed on major exchanges like Binance and Coinbase may limit its visibility and trading volume.
Binance has not listed Pi Coin due to its limited open market activity, unclear tokenomics, regulatory concerns, lack of liquidity and market activity, and centralization issues.
Pi Network's internal ecosystem restricts transactions to an enclosed state, which does not align with Binance's preference for fully open, public blockchains.
The absence of clear data on Pi Token's token distribution, regulatory recognition, and the presence of centralized control impact Binance's decision to list Pi Coin.